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they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ ♪ ...reach one customer at a time? whatever y
they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so...
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want to get into defense now? >> i do. >> because that's another math question. >> okay. >> how do you do that? >> so they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations. let -- let's put the automatic defense cuts aside. >> okay. >> so we -- >> put those aside. no one wants that. i want to know how you do the math and have this increase in defense spending some. >> $2 trillion. >> you don't cut defense by a trillion dollars. that's what we're talking ability. >> what national security issue -- >> who's cutting it by a trillion? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes, we're going to push -- >> drawing down one war and one war -- >> if these cut goss through our navy will be the smallest it's been since before world war i. this invites weakness. look, do we believe in peace through strength? you bet we do. you don't impose these cu
want to get into defense now? >> i do. >> because that's another math question. >> okay. >> how do you do that? >> so they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations. let -- let's put the automatic defense cuts aside. >> okay. >> so we -- >> put those aside. no one wants that. i want to know...
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the state department last night came out with whatever it is, defensive statement, whatever. but their spokesman said with great clarity that there was no protest about a videotape that everyone's talked about. in effect, that undermines the susan rice story, undermines hillary and president obama. this is from the state department. this is what we've known. this is a cover-up or a falsehood or something that is going to blow up. >> reporter: i don't know about blow up, larry. but susan rice was wrong. the president was wrong. hillary clinton was wrong when they said weeks ago what they said. state department now acknowledges that. but the white house insists it never intentionally lied. they say they told the truth as they knew it all along. >> we're going to leave it there. steve handelsman, thanks very much. there wasn't a riot over some youtube videotape. it was an organized terror attack. and, yes, inadequate security. so the question is, what did the president and hillary clinton know and when did they know it? with all this sworn testimony, this really does smell of a
the state department last night came out with whatever it is, defensive statement, whatever. but their spokesman said with great clarity that there was no protest about a videotape that everyone's talked about. in effect, that undermines the susan rice story, undermines hillary and president obama. this is from the state department. this is what we've known. this is a cover-up or a falsehood or something that is going to blow up. >> reporter: i don't know about blow up, larry. but susan...
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they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. we know you.0% natural. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the ge
they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. we know you.0% natural. we know you have to rise...
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defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals want legislation, business beware, but we will cover the cyber threat on kudlow. a ash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an
defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals want legislation, business beware, but we will cover the cyber threat on kudlow. a ash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can...
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i think he put biden immediately on the defensive and the administration has a huge problem here a credibility problem, it could be a cover-up or falsehood problem. i think you saw that. biden was incapable of conclusively saying anything and ryan looked very strong. >> we should mention jerry bernstein is at the table. the former economic advisor. former white house political director for former president george w. bush. how do you think he did? >> i thought he did great. i haven't heard any quite say that. he had a great debate the first hour in particular. on foreign policy i totally agree with the sentiment around the table, different from keith. i thought ryan comported himself well. i will say on foreign policy i thought ryan and romney sounded very bellicose, very out for war i believe didn't think resonated with the vice president and i don't believe will resonate with the public. while he did better on foreign policy, he did considerably worse, ryan, on the economy, the fiscal issues, on the stimulus i thought he had a bona fide embarrassing moment when the vice president called him o
i think he put biden immediately on the defensive and the administration has a huge problem here a credibility problem, it could be a cover-up or falsehood problem. i think you saw that. biden was incapable of conclusively saying anything and ryan looked very strong. >> we should mention jerry bernstein is at the table. the former economic advisor. former white house political director for former president george w. bush. how do you think he did? >> i thought he did great. i haven't...
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well, the irrational mutual assured destruction is what we now have in law where we are cutting defense, we are cutting things like biomedical research with an ax. it makes absolutely no sense, no person who thought about these things would agree with it but that's where we are. >> one thing i think the president has been unable to do is lead these two groups together. because you can't constantly sit there and watch everybody fighting. what about all the people hanging in the balance? >> i asked the president about this. he says he blames the republicans and so forth. >> they blame him. >> there's blame to go around. there's no question. but, this is so important. this is like fighting a war. you need bipartisan approach and fighting the war is painful and expensive and doing these things is going to be painful. you asked the right question about the average person out there who has a house, investments, a bank account, anything of value. it's all put in jeopardy because we can't bring some order to the federal house of our money and it's troubling and sad. >> when i speak to ceos, the
well, the irrational mutual assured destruction is what we now have in law where we are cutting defense, we are cutting things like biomedical research with an ax. it makes absolutely no sense, no person who thought about these things would agree with it but that's where we are. >> one thing i think the president has been unable to do is lead these two groups together. because you can't constantly sit there and watch everybody fighting. what about all the people hanging in the balance?...
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about a year ago they spun out their defense and water business. i think the management is very shareholder driven. the yield is compelling, and they're going to grow the yield. another name that looks compelling to me is the housing market continues to improve. lowe's, very shareholder driven. valuation at a discount to home depot. i think there's a couple ideas. >> itt as a small cap. harold jeanine is spinning in a grave somewhere. if you don't know who he is, look him up. >> i was going to ask dan the same question. what with would you do? >> i think ben bernanke is telling you you have to move out on the risk curve. two stocks we like, the gwr in the new york stock exchange. just fantastic long-term record. made what probably will be looked at as one of the most important strategic moves by buying rail america. very, very high-quality asset. the other company we like a lot is mtw, maker of trains and other industrial food service equipment. company just raised money in the high-yield bond market at 5 7/8 for a ten-year term. not so high yield,
about a year ago they spun out their defense and water business. i think the management is very shareholder driven. the yield is compelling, and they're going to grow the yield. another name that looks compelling to me is the housing market continues to improve. lowe's, very shareholder driven. valuation at a discount to home depot. i think there's a couple ideas. >> itt as a small cap. harold jeanine is spinning in a grave somewhere. if you don't know who he is, look him up. >> i...
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italy's defense minister has said the collapse of the planned merger opens options. so perhaps the collapse of one deal opening the way for another. i feel like we're talking about the eurozone crisis instead of -- >> it's not too far away. >> meanwhile christine lagarde wants to pick up the pace of reforms. we'll get on to spain in just a second. i'm just wondering, the imf seems to be having a crisis of confidence. they've realized the fiscal multipliers in spain didn't work, but it seems they can't bring themselves to blame it's not on the failed policies, but on the fact that with the euro currency, you can't devalue something for spain. and you can't print money in the way that you can in the uk. they can't seem to say the problem is the euro. >> i think the imf is saying you shouldn't add to the recession the additional contraction that comes from the fact that you're trying to hit the target at the same time your economy is going down. and i think that's a sensible advice. the fiscal consolidation is not something you can achieve in one year or two years. it's
italy's defense minister has said the collapse of the planned merger opens options. so perhaps the collapse of one deal opening the way for another. i feel like we're talking about the eurozone crisis instead of -- >> it's not too far away. >> meanwhile christine lagarde wants to pick up the pace of reforms. we'll get on to spain in just a second. i'm just wondering, the imf seems to be having a crisis of confidence. they've realized the fiscal multipliers in spain didn't work, but...
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would you remain defensive? >> i think a little bit of defensive posture is never a bad thing. the question is, will the financials really rebound? that's been one of the sectors that's underperformed in that time frame and also in recent had history. that's one group to keep an eye on going forward. >> so financials you like. what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
would you remain defensive? >> i think a little bit of defensive posture is never a bad thing. the question is, will the financials really rebound? that's been one of the sectors that's underperformed in that time frame and also in recent had history. that's one group to keep an eye on going forward. >> so financials you like. what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i...
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former assistant secretary of defense larry corps who worked in the reagan administration and richard williamson who is a senior romney foreign policy adviser. welcome, gentlemen. ambassador williams, i read the speech and tried to read it carefully. mitt romney is very critical of how president obama handled the benghazi killings and so forth and security risks. i want to ask you though specifically. in your judgment does mr. romney believe there was a cover-up going on in the white house when they put out susan rice, they already knew it wasn't the video. it was actually the al qaeda terrorists and others related to it that? will romney in the debate next week talk about a benghazi security cover-up regarding the baha obama white house? >> thanks for letting me be on. benghazi has to be seen we had 20 embassies in the greater middle east where demonstrations took place. we had four compounds breached, american flags burns and the black flag of al qaeda raised. it was a disgraceful day, and it was evidence of a failed middle east policy. on benghazi itself, governor romney's been ver
former assistant secretary of defense larry corps who worked in the reagan administration and richard williamson who is a senior romney foreign policy adviser. welcome, gentlemen. ambassador williams, i read the speech and tried to read it carefully. mitt romney is very critical of how president obama handled the benghazi killings and so forth and security risks. i want to ask you though specifically. in your judgment does mr. romney believe there was a cover-up going on in the white house when...
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defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like the good old days. but yes, electric boat gets those contracts. they know how to make the best submarines in the world. >> you look at this as a mercenary, find ways to see what's going to happen no matter what happens. >> it's not about friends. look, take chesapeake, chesapeake is a company that wants to drill everywhere, second largest driller for natural gas and bingo, i mean that's a romney name like it or not. >> thank you so much. >> great to work with you. see you in the morning. >> right back up, when we come back after this debating the state of business made in the usa and how th
defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like...
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. >> you what romney talking about wanting to spend more in defense. if you think that president obama is going to be re-elected. you don't want to be in ratheon, you're going to have to do a little selling. >> caller: i see that united health care purchased 90% of the brazilian health care companies down there, what do you see their stuff going from here and what do you think if romney's elected president? >> it's not as good if romney's elected president. because what happened is the health companies they went all in under obama. they did win. unh goes higher with president obama is re-elected. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an industrial based company, the kick the can theory, our stocks go higher. >>> coming up , ipo stud or dud. but does this cloud play offer enough profit to bring investors back to the table. find out when you get to know this ipo. >>> and later, up, up and away? amazon has already sold almost 50% this year and google is up over 15%. but could these two market leaders
. >> you what romney talking about wanting to spend more in defense. if you think that president obama is going to be re-elected. you don't want to be in ratheon, you're going to have to do a little selling. >> caller: i see that united health care purchased 90% of the brazilian health care companies down there, what do you see their stuff going from here and what do you think if romney's elected president? >> it's not as good if romney's elected president. because what...
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if you're a republican, you're losing farm subsidies, you're losing enormous amount of defense cuts. i can't believe that republicans like what's in here. and clearly from a left wing standpoint, you're fixing the social security problem primarily through spending cuts rather than tax increases. >> but dan, here's the thing. is a point lloyd blankfein made and it was certainly echoed by simpson and bowles. this country is very divide. anybody who's truly going to lead is going to have to pull everybody somewhere near the center if they're going to get anything accomplished. >> but my point is. >> the nature of this whole thing as a compromise, neither side is going to love it. what's amazing is because of the political divisiveness in this country, simpson was saying he thinks it is going to be hard to get something done. so is bowles. bowles put it at 30% we are able to ward off the fiscal cliff? >> if i can pile on dan. if he's playing santelli, it is my again fix rogenetic role to . isn't it right that the side that pisses both sides equally is the right plan? >> but this is nothi
if you're a republican, you're losing farm subsidies, you're losing enormous amount of defense cuts. i can't believe that republicans like what's in here. and clearly from a left wing standpoint, you're fixing the social security problem primarily through spending cuts rather than tax increases. >> but dan, here's the thing. is a point lloyd blankfein made and it was certainly echoed by simpson and bowles. this country is very divide. anybody who's truly going to lead is going to have to...
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there are other savings that could be made in defense. cost overruns in these weapons acquisitions is a scandal, the least noticed enormous scandal there is in america today when you look at the costs of things like the f-35 and our latest aircraft carrier with these cost plus contracts, but there are savings, but it can't be done with a medax which is what sequestration does. the secretary of defense said it would devastate our national security. senators, republican and democrat, we have asked the president to sit down with we tried this super committee and that's how we got sequestration. everybody was so sure that they would come to an agreement on that. look, the approval rating of congress is 11%. i have not met anybody in the 11% category. i'd love to, because i'd like to ask them what they approve of that we are doing. and so -- maybe their blood relatives and paid staffers. >> the fed seems like it does its job i'm referring to trying to figure out what really happened in benghazi and libya. we're seeing jake tapper, there are pe
there are other savings that could be made in defense. cost overruns in these weapons acquisitions is a scandal, the least noticed enormous scandal there is in america today when you look at the costs of things like the f-35 and our latest aircraft carrier with these cost plus contracts, but there are savings, but it can't be done with a medax which is what sequestration does. the secretary of defense said it would devastate our national security. senators, republican and democrat, we have...
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second problem is defense. we spend more than the next 17 largest countries combined on defense. third we have a tax code that is inefficient, ineffective and globally anti-competitive. fourth, you know, it's social security. social security is $900 billion cash deficit -- cash negative over the next decade. we've got to face up to those four big issues. >> let me just be clear, though. the head of the imf, christine lagarde, was out the other day warning countries against too much austerity. >> right. >> also pointing out that countries who have done better are those who had a little bit less austerity. is there a danger with what you're proposing that it's taken too religiously up front -- >> that's why we said we ought to phase it in over a long period of time. look at what they did in the uk compared to what we're doing. it's very similar. we were $1 of revenue and $3 of spending cuts. we wanted to vote for a cost benefit analysis for all the programs we do. we raised the retirement age. they raised the retirement age. we control the rate of growth of health care. but they're
second problem is defense. we spend more than the next 17 largest countries combined on defense. third we have a tax code that is inefficient, ineffective and globally anti-competitive. fourth, you know, it's social security. social security is $900 billion cash deficit -- cash negative over the next decade. we've got to face up to those four big issues. >> let me just be clear, though. the head of the imf, christine lagarde, was out the other day warning countries against too much...
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you had romney wanting to spend more on the defense. if you think president obama is going to be reelected, you don't want to be in raytheon, frankly. you're going to have to do some little selling. let's go to kierein in florida. kierein? >> caller: boo-yah, jim cramer here in sunny florida. >> like that. what is up? >> caller: listen, i see that united health care purchased 90% of the brazilian health care companies down there. where do you see the stock go from here? and what do you think if romney's elected president? >> it's not as good. it's not as good if romney is elected president. because what happened is the health companies and the drug corporations went all in under obama. i know it sounds silly, but they did win. unh goes higher with president obama is re-elected. that brazilian thing showed their growth is no longer limited by the united states. i like that. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an u.s.-based company as u.s. europe kicked the can down the road. as ch
you had romney wanting to spend more on the defense. if you think president obama is going to be reelected, you don't want to be in raytheon, frankly. you're going to have to do some little selling. let's go to kierein in florida. kierein? >> caller: boo-yah, jim cramer here in sunny florida. >> like that. what is up? >> caller: listen, i see that united health care purchased 90% of the brazilian health care companies down there. where do you see the stock go from here? and...
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defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in welfare savings. the key someone spain, 5.65% so yields are slightly lower once again as those yields stay at those levels the spanish government will say it's a fairly manageable situation at the moment so they will keep probably delaying having to ask for a bailout trying to get beyond a referendum in catalouna, a big region in spain. back to you guys. >> ross, last week when the spanish finance minister said that in front of a bunch of people they laughed at him? >> he was up the road, the london school of economics basically said we don't need a bailout and in spain wh
defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in...
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and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it went to the european union. the entire union. >> who gets the money? >> i don't know. they'll use to pay off some of the unlg debts that they have. the committee citing the eu's historic role in uniting the continent saying the award was meant as a morale boost for the bloc as it struggles to resolve its debt crisis. i have talked about the peace prize being both political and sort of having jumped the shark years ago. arafat and -- >> there were three of them. >> the president didn't especially want it. he said, please, the whole -- the perception of me not having d
and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it...
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its owe been lar it's been largely a defensive rally. so things like utility, health care, staples, those are the things that are overvalued right now. so banks could actually have a night little rally. >> it depends a huge amount on what happens with the eurozone. >> the u turn -- well, we're reading the potential for a u turn on the banking union and that would be probably fairly negative because that risk sharing is somewhat important. so we'll see how that paps out. the process of -- there's so much uncertainties still for banks. we don't know what all of the renlgs lagss will look like. and that has a major impact. >>. >> so it's still out there and we didn't know what it looks like. >> and we have the pboc governor talking. >> a little news here. the vice governor saying that chinese currency has been hitting high this is week and china put together a package to support growth over the summer that package is focused on quality of life projects. results expected to be seen in the fourth quarter. full year growth around 7.8%. inflati
its owe been lar it's been largely a defensive rally. so things like utility, health care, staples, those are the things that are overvalued right now. so banks could actually have a night little rally. >> it depends a huge amount on what happens with the eurozone. >> the u turn -- well, we're reading the potential for a u turn on the banking union and that would be probably fairly negative because that risk sharing is somewhat important. so we'll see how that paps out. the process...
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the defensive, probably the defensive player of the year. we should've done a better job of accounting for the year and just don't throw in that area or throw extremely high. 6'6", and he can jump 30 inches. he's probably 15 feet. and he tipped one that would have been a touchdown and normally there's probably only two or three players in the league that could've made that play, the defensive play. >> he played pretty well. but, 48% and he's under 50% and completions and then 31st in the league or something. for quarterback rating, is there any slightest wavering in either you or rex ryan in terms of whether to just try to start tebow season? >> no. >> no. >> there will never be no matter what? >> never is a long, long time period. but i see the same things in mark sanchez that i saw when i first met him. he's still a young quarterback. this is a very, very -- probably the most difficult position athletically and mentally that there is in all of sports. everybody's trying to deceive you and -- >> yeah. the running game. >> and the other guys
the defensive, probably the defensive player of the year. we should've done a better job of accounting for the year and just don't throw in that area or throw extremely high. 6'6", and he can jump 30 inches. he's probably 15 feet. and he tipped one that would have been a touchdown and normally there's probably only two or three players in the league that could've made that play, the defensive play. >> he played pretty well. but, 48% and he's under 50% and completions and then 31st in...
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>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the next hour. >>> wells fargo beating estimates but missing on revenue, company's conference call is just wrapping up. kayla tausche is monitoring that back at hq with details. >> a tough quarter at wells. the, kr eo expressing confidence in a housing recovery but not as robust as he would like. they expected the mortgage lender to benefit more. non-interest income was down and wells decided to keep $9.8 billion in fannie freddie conforming mortgages on its books instead of selling them and actually forfeited some $200 million in fees for well. cfo tim sloan said
>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the...
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in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along the path, looks like i
in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june...
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maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has stocks to critique, and he has just seconds to do it. ♪ in 60 and he knows it find out if he can, when "squawk on the street" returns. smart comes with 8 airbags, ♪ in 60 and he knows it and the world's only tridion safety cell which can withstand over three and a half tons. with can ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ tight turning, fun to drive 2013 smart. at the guaranteed's lowest price.attresses plus, pay no interest for 3 years on the best brand-name mattress sets. get your best rest ever from sleep train. ♪ your ticket to a better night's sleep ♪
maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has...
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goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if you're viewing that, okay. and that was after they cut the assets from 50 billion down to 15 billion. it is a significant deleveraging and even with that, the other rating firms took negative action. so you can say -- by the way, we have 24, 27 notches in our ratings scale. we downgraded them one notch. okay? one notch. i think it was from bbb to bbb-minus. that's it. i'm sorry if the market overreacted to it. it is one notch downgrade. even though -- and that was post-mf global. the idea -- it is hard to argue with this -- that the environment has clanged for the middle tier institutional growth firm dealers. >> what happens next
goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if...
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>> no massive defense increase. >> you want to go to defense right now? >> yes, i do. that's another math question. how do you do that? >> they proposed cuts to defense to begin with, now we have another $500 billion cut to defense and they insisted that cut being involved in the debt negotiations. >> let's put the automatic defense cuts aside. >> okay. >> let's put that aside. no one wants that. i want to know, how do you do the math and have the increase in defense spending. >> you don't cut defense by a trillion. that's what we're talking about. >> what national security issue is justify an increase? >> we'll cut 80,000 soldiers, 20,000 marines, 120 cargo planes, we'll put the joint -- >> drawing down. and one more and one more. >> if these cuss go through, our navy will be the smallest it has been since before world war i. this invites weakness. do we believe in strength? you bet we do. you don't impose these devastating cuts on our military. don't cut the military by a trillion. not increase it by a million, don't cut it by a trillion. >> quickly, vi
>> no massive defense increase. >> you want to go to defense right now? >> yes, i do. that's another math question. how do you do that? >> they proposed cuts to defense to begin with, now we have another $500 billion cut to defense and they insisted that cut being involved in the debt negotiations. >> let's put the automatic defense cuts aside. >> okay. >> let's put that aside. no one wants that. i want to know, how do you do the math and have the...
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defense increases. >> you want to get into defense now? >> i do, i do, because that's another math question. how do you do that? >> so, they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations and now we put the 1 trillion -- >> let's put the automatic defense cuts asdplid i'd like to go back to that. >> how do you do the math and have this increase in defense spending? >> $2 trillion. you don't cut defense by $1 trillion. that's what we're talking about. we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're -- >> drawing down in one war and one war. >> if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. look, do we believe in peace through strength? you bet we do, and that means you don't impose these devastating cuts on our military. so we're saying don't cut the military by $1 trillion. not increase it by
defense increases. >> you want to get into defense now? >> i do, i do, because that's another math question. how do you do that? >> so, they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations and now we put the 1 trillion -- >> let's put the automatic defense cuts asdplid i'd like to go back to that. >> how do you do...
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cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1 trillion. >> quickly, vice president biden. might want to move on. >> we don't cut it. i might add, i know we don't want to use fancy words to question this automatic cut. that was part of a debt deal that they asked for, and let me tell you what my friend said at a press conference announcing he supported the deal. he said we've been looking for this moment for a long time. >> i tell you what that meant? >> automatic cuts in defense that they didn't act, and beyond that they ask for another -- look, the military says we need a smaller, leaner army
cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1...
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our friends and defeat our enemies in t middle east when our words are not backed by deeds, when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of and the perception of our strategy is not one of partnership, but of passivity. it is time to change course in the middle east. one final thing, carol, on a campaign conference call yesterday romney's foreign policy team talked about some presidents of past they might be shaping their foreign policy principles after. they talked about the presidencies of jfk, truman and even bill clinton. after that first debate when a lot of pundits on the right and the left were sensing that mitt romney might be moving to the middle on domestic policy issues, there might be some of that on foreign policy when we hear this speech later on this morning. >> jim acosta, we'll check back with you. >>> okay. let's take another peek at the obama campaign's preemptive strike. remember, it's called a prebuttal because it's challenging a speech romney will not give for a couple more hours. listen. >> when our u.s. diplomats
our friends and defeat our enemies in t middle east when our words are not backed by deeds, when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of and the perception of our strategy is not one of partnership, but of passivity. it is time to change course in the middle east. one final thing, carol, on a campaign conference call yesterday romney's foreign policy team talked about some presidents of past they might be shaping their foreign policy...
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. >> reporter: the gop nominee pledged to get tough by reversing looming defense cuts coming at the end of the year, threatening to impose possible new sanctions on iran and by looking for ways to arm the rebels in syria. romney also said he would pursue a two-state solution between the israelis and palestinians, a concept he seemed to diminish at a fund-raiser that was secretly recorded and leaked to mother jones magazine. >> i look at the palestinians not wanting to see peace anyway for political purposes, committed to the destruction and elimination of israel. i say, there's just no way. >> reporter: the obama campaign tried to get the jump on romney's speech, releasing a new ad, reminding voters of the republican candidate's gaffe-plagued foreign trip over the summer. romney, obama aides say, is no ronald reagan, more like chevy chase. combatting that image, romney met with a group of retired generals after a speech. the romney approach would be both more muscular and bipartisan. >> if you look at harry truman and john kennedy and the use of power by bill clinton in his second term,
. >> reporter: the gop nominee pledged to get tough by reversing looming defense cuts coming at the end of the year, threatening to impose possible new sanctions on iran and by looking for ways to arm the rebels in syria. romney also said he would pursue a two-state solution between the israelis and palestinians, a concept he seemed to diminish at a fund-raiser that was secretly recorded and leaked to mother jones magazine. >> i look at the palestinians not wanting to see peace...
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post 9/11, defense industry boomed. that's why the county now has the highest median income in the united states. population has more than doubled over the past decade and the hispanic population has tripled. demographic shifts like these helped president obama be the first democrat to win virginia since 1964 by just 11,500 votes. a half trillion dollars in looming military cuts create a danger to loudoun's economic well being. john dyer lives in loudoun. he's cofounder of ksh technology. >> most of my neighbors are government employees or contractors. so, they would be affected by it. this cut. big time. >> dyer is a coveted swing voter. >> what was your first vote for president? >> ronald reagan. so, actually, i have a photograph of my grandfather, my father, my brother and myself all voting together at the same time, so -- >> it's a family tradition. so, you take this seriously. >> it was always a, you know, a big deal in our family. >> you voted for president obama last time around. what are the final considerations
post 9/11, defense industry boomed. that's why the county now has the highest median income in the united states. population has more than doubled over the past decade and the hispanic population has tripled. demographic shifts like these helped president obama be the first democrat to win virginia since 1964 by just 11,500 votes. a half trillion dollars in looming military cuts create a danger to loudoun's economic well being. john dyer lives in loudoun. he's cofounder of ksh technology....
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a deal that could destroy over 500,000 jobs in the defense industry. >> so if defense spending is such a big issue this year, why are we on the hook for those tanks? is it drew griffin from our special investigations unit is "outfront" with the story. >> reporter: it's a remarkable sight parked in the california desert. more than 2,000 of them. row upon row of m-1 abrams tanks. built by general dynamics, beginning in the 1980s. most of them are still ready to roll. so when the u.s. army's budget folks sat down to make some tough decisions about what to cut, they saw a great opportunity. postpone what they said would be a $3 billion expense, the refurbishing of hundreds of these tanks at this general dynamics plant in lima, ohio. u.s. army's chief of staff marched up to capitol hill with a great idea. >> in lima, it would cost us $2.8 billion just to keep that open. and we -- our tank fleet is in good shape. we don't need to -- because of the great support we've gotten over the last few years -- >> reporter: and he had support. travis sharp, who studies defense spending at center for a
a deal that could destroy over 500,000 jobs in the defense industry. >> so if defense spending is such a big issue this year, why are we on the hook for those tanks? is it drew griffin from our special investigations unit is "outfront" with the story. >> reporter: it's a remarkable sight parked in the california desert. more than 2,000 of them. row upon row of m-1 abrams tanks. built by general dynamics, beginning in the 1980s. most of them are still ready to roll. so when...
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in my defense, t apes wanted me to do that so i did it. they told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear anything on myself. that's a plus. because really, it's all about maintains one's dignity. that does it for us. see you again one hour from now. another edition of "360" at 10:00 eastern. "piers morgan tonight" starts now. >>> tonight, game on. the new mitt romney now in the lead. a confident candidate, a major speech. >> i know the president hopes for a safer, freer and more prosperous middle east but hope is not a strategy. >> plus, neck and neck. sometimes it is about the horse race. to the man who arguably knows more than anyone about what the numbers in this race mean, nate silver. and battleground america. is romney gaining ground with female voters? women on the left and right go toe to toe. also, worldwide exclusive. what you haven't heard about the man who shot trayvon martin, the first television interview with george zimmerman's mother. why he says there's more to the story. >> he said you will die tomorrow. i grabbe
in my defense, t apes wanted me to do that so i did it. they told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear anything on myself. that's a plus. because really, it's all about maintains one's dignity. that does it for us. see you again one hour from now. another edition of "360" at 10:00 eastern. "piers morgan tonight" starts now. >>> tonight, game on. the new mitt romney now in the lead. a confident candidate, a major...
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put romney on the defensive. how dire you give tax breaks to the richest people in this country while we have the most unfair distribution of wealth and income. how dare you throw children off of medicaid when we've got 50 million people without any health insurance today. put him on the defensive instead of saying oh, i agree with you on this. i agree with you on that. you've got to take responsibility and the responsibility is with the president. >> we'll see if he follows your advice in the next debate and the one after that. >>> they're expressions may tell more than their words. we're taking a look at some special face reading software and what it reveals about the presidential debate. ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken loans is engineered to amaze. ♪ bp has paid overthe people of bp twenty-threeitment to t
put romney on the defensive. how dire you give tax breaks to the richest people in this country while we have the most unfair distribution of wealth and income. how dare you throw children off of medicaid when we've got 50 million people without any health insurance today. put him on the defensive instead of saying oh, i agree with you on this. i agree with you on that. you've got to take responsibility and the responsibility is with the president. >> we'll see if he follows your advice...
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the convicted pedophile and former defensive coordinator is speaking out from jail. he was convicted in june of sexually abusing ten boys over 15 years and tomorrow, he will find out whether he'll spend the rest of his life behind bars. but today, in an extraordinary move, sandusky released a statement in his own words which aired on penn state radio. he denies the abuse, blames the victims and proclaims his love for his wife. you've really got to hear this. to even try and believe it. >> in my heart, i know i did not do these alleged disgusting acts. my wife has been my only sex partner and that was after marriage. our love continues. the young man whose dramatic, veteran accuser and always sought attention started everything. he was joined by a well orchestrated effort of the media, investigators, the system, penn state, psychologists, civil attorneys and other accusers. they won. i've wondered what they really won. attention, financial gain, prestige, will all be temporary. >> and on and on he whines in similar vein. frankly, that's enough for me. i don't have the
the convicted pedophile and former defensive coordinator is speaking out from jail. he was convicted in june of sexually abusing ten boys over 15 years and tomorrow, he will find out whether he'll spend the rest of his life behind bars. but today, in an extraordinary move, sandusky released a statement in his own words which aired on penn state radio. he denies the abuse, blames the victims and proclaims his love for his wife. you've really got to hear this. to even try and believe it. >>...
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when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of, and the perception of our strategy is not one of partnership but of passiveity. the greater tragedy of it all is we're missing an historic opportunity to win new friends who share our values in the middle east, friends who are fighting for their own futures against the very same violent extremists and evil tyrants and angry mobs that seek to harm us. unfortunately so many of these people that could be our friends feel that our president is indifferent to their quest for freedom and dignity. as one syrian woman put it, we will not forget that you forgot about us. it is time to change course in the middle east. that course should be organized around these bedrock principles. america must have confidence in our cause, clarity in our purpose, and resolve in our might. no friend of america will question our commitment to support them. no enemy that attacks america will question our resolve to defeat them. no one anywhere, friend or foe, will doubt america's capability to back up our wo
when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of, and the perception of our strategy is not one of partnership but of passiveity. the greater tragedy of it all is we're missing an historic opportunity to win new friends who share our values in the middle east, friends who are fighting for their own futures against the very same violent extremists and evil tyrants and angry mobs that seek to harm us. unfortunately so many of these people...
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in my defense, the apes wanted me to do that so i did it. the apes told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear >>> a three minute tape released on penn state radio from jerry sandusky. >>> blockbuster, especially on the eve of sentencing. >>> also, obama taking a dive, a big one, it's a brand new poll. is it a sign much things to come? we'll dig into that. >>> and more on the attack that killed an american ambassador in libya. why was a request for extra security in that country denied in the first place? >>> good evening, everyone, i'm ashley banfield in for erin burnett. tonight and "outfront," the obama slide. a brand new poll of likely voters showing mitt romney out ahead and leading the president 49-45%. and look at this. since last month, the president is down six percentage points in that same poll. now, it is just one poll, but take a closer look at the numbers and there may be some pretty red flags out there for the incumbent. voters say romney did a better job at the debate on wednesday night. 66 to 20%. and that has help
in my defense, the apes wanted me to do that so i did it. the apes told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear >>> a three minute tape released on penn state radio from jerry sandusky. >>> blockbuster, especially on the eve of sentencing. >>> also, obama taking a dive, a big one, it's a brand new poll. is it a sign much things to come? we'll dig into that. >>> and more on the attack that killed an american...
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if he plays prevent defense and i know his consultants are going to want him to be very, very careful and not make a mistake. that's how you will lose to barack obama. in the radio clip, my point was, he is going to come out swinging and he's going to come out maybe with a few punches below the belt. romney is going to do what he did in the first debate. that is, american voters are very interested in style, maybe even more style over substance and that was the first debate you've ever seen where barack obama was outstyled. body language, mitt romney looked much more presidential and come out mitt romney and continue to strike contrasts say that we are not a government with a country, we're a country with a government and empower the people in every way possible and point out that, you know, americans have lost 40% of their net worth under this administration. as you pointed out earlier, gas prices are twice as high. we have acts of war on anniversaries of 9/11 with no response other than appointing the task force to understand whether it was a spontaneous task force. point these thin
if he plays prevent defense and i know his consultants are going to want him to be very, very careful and not make a mistake. that's how you will lose to barack obama. in the radio clip, my point was, he is going to come out swinging and he's going to come out maybe with a few punches below the belt. romney is going to do what he did in the first debate. that is, american voters are very interested in style, maybe even more style over substance and that was the first debate you've ever seen...
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to cut the defense budget. they're proposing -- >> by $2 billion. >> more than that. no massive -- >> no, we're saying -- >> defense increase. >> you want to get into defense now? >> we want to work with the congress on how best to achieve this. that means successful. >> no specifics? >> what we're saying is lower tax rates 20%, start with the wealthy, work with congress to do it -- >> and you guarantee this math will add up? >> absolutely. >> wolf, at times this looked like it was a three-way debate, and it was definitely different from last week's moderating from jim. >> that's right, jim took a much more hands-off style. he let the two presidential candidates go at it in that particular debate. we knew romney went at it. the president didn't go at it so much. i suspect that's going to be different in this debate. martha raddit sfwl of abc news, she got involved, and she haves much more controlling, if you will, in terms of the questioning, making sure that both had relatively the same amount of time and allo
to cut the defense budget. they're proposing -- >> by $2 billion. >> more than that. no massive -- >> no, we're saying -- >> defense increase. >> you want to get into defense now? >> we want to work with the congress on how best to achieve this. that means successful. >> no specifics? >> what we're saying is lower tax rates 20%, start with the wealthy, work with congress to do it -- >> and you guarantee this math will add up? >>...
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also renowned criminal defense attorney, mark geragos. you say jerry sandusky is opening the wound for the victims by releasing this statement. >> yes, anderson, i believe he is. what's happening is that sandusky is taking every opportunity to continue to torment these victims. he's now accusing them, in fact, he made a direct reference to victim one by saying he started everything. there is no conspiracy here. there is no making these accusations for any reason other than to put mr. sandusky behind bars for the rest his life because of the heinous acts that he perpetrated on these victims. >> mark, what about this? he is alleging this basically huge conspiracy against him by just about everybody, putting out a statemenhikethe night before the sentencing hearing, is that something you would ever advise a client to do? >> no. the last thing you are going to want to do is advise a client i want you to go in there, you're better off just saying nothing. however, as a practical matter, he's going to get a life sentence, whether it's a number
also renowned criminal defense attorney, mark geragos. you say jerry sandusky is opening the wound for the victims by releasing this statement. >> yes, anderson, i believe he is. what's happening is that sandusky is taking every opportunity to continue to torment these victims. he's now accusing them, in fact, he made a direct reference to victim one by saying he started everything. there is no conspiracy here. there is no making these accusations for any reason other than to put mr....
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but it's defensible. and he gets credit in a sense for just being very articulate and for seeming more sympathetic to the world so on guantanamo, he hasn't closed it and the world was very indignant at the u.s. under president bush but somehow, president obama gets away with that. i think that is because he has been able to use soft power quite effectively. >> finally, probably most seriously for you, pbs, mitt romney's plan to eradicate you from the face of the earth. never mind iran. he's got you in his sights. your documentary, you made with your wife, premiered to big ratings on pbs on monday night. how do you feel about the fact mitt romney if he gets into power will get rid of you? >> i just took a call from big bird before coming on here. we're getting together to form a little alliance. >> does he have a point, mitt romney? >> not in my -- obviously i'm a little conflicted here because my show was just on pbs but i do think that it is important, there's a real public good, that in the same way you
but it's defensible. and he gets credit in a sense for just being very articulate and for seeming more sympathetic to the world so on guantanamo, he hasn't closed it and the world was very indignant at the u.s. under president bush but somehow, president obama gets away with that. i think that is because he has been able to use soft power quite effectively. >> finally, probably most seriously for you, pbs, mitt romney's plan to eradicate you from the face of the earth. never mind iran....
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Oct 13, 2012
10/12
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his economic plan, his plan avoids cutting from defense. mitt romney says he would pursue a balanced budge eight amendment that would require the government to spend only as much as it takes in. he said he would balance the budget by 2020, the end of his second term. mitt romney's issue is taxes. it calls to are a 250% cut to tax rates across the board. he said he would balance that out by closing loopholes and he would protect middle class families. they found it would be mathematically to lower rates without taking in more money from low and middle-income families. overall, the committee estimates mitt romney's plan would leave debt at 85% of gdp by the end of the decade. we've been telling you about the fiscal cliff, a combination of items that will take effect next year. but they won need to worry as much about the deficit. they project the deficit would fall from $1.1 trillion to 641 billion next year if we fall off that cliff. that would be the biggest single year drop in the deficit since 1969. ali? >> that would be a bad way to achi
his economic plan, his plan avoids cutting from defense. mitt romney says he would pursue a balanced budge eight amendment that would require the government to spend only as much as it takes in. he said he would balance the budget by 2020, the end of his second term. mitt romney's issue is taxes. it calls to are a 250% cut to tax rates across the board. he said he would balance that out by closing loopholes and he would protect middle class families. they found it would be mathematically to...
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so the defense is saying well, they're commenting on the fact he didn't testify at trial. that's a big no-no. i don't think they went on that because they voluntarily submitted him to this interview, so now, they're going to come in front of a jury and say well, it was wrong for the prosecutor to refer to an interview that we orchestrated? i don't think they're going to win on that. the second point is the case went so fast. >> it did. it was weeks, not months. >> he was only arrested last november of 2011. the case was over in less than nine months with huge numbers of alleged victims, so it went to trial -- >> the trial itself was very speedy. >> in looking at the law, you have a right to a speedy trial. i never heard of a right to a slow trial, have you? that's what they're saying. they pushed us into it and we couldn't prepare. that's the second biggest thing. >> any good litigator will tell his client, don't go in there tomorrow, don't apologize necessarily, i can't have you on the record admitting to this if you're going to appeal. you will close your appeal on the r
so the defense is saying well, they're commenting on the fact he didn't testify at trial. that's a big no-no. i don't think they went on that because they voluntarily submitted him to this interview, so now, they're going to come in front of a jury and say well, it was wrong for the prosecutor to refer to an interview that we orchestrated? i don't think they're going to win on that. the second point is the case went so fast. >> it did. it was weeks, not months. >> he was only...